Friday, January 27, 2006

Chevron's 4th quarter profits reached an all time high, soaring to 4.14 billion. This was a 20 percent increase. It is the best finiancial year for chevron in its 126 year history. They are definitly capitalizing on oil prices.

"Its profit of $14.1 billion for the full year was also a company record.
The San Ramon, Calif.-based company's earnings for 2005's final quarter, released Friday, represented the most it has made in any three-month period since its inception in 1879. The performance edged the $4.13 billion earned during the second quarter of 2004 -- the early stages of a two-year boom.
Chevron now has posted record annual profits in each of the last two years, earning a combined $27.4 billion."

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